Online Payroll Management: A Comprehensive Solution
Payroll handling can be hard for businesses in a number of ways. Some of the duties that come with payroll in Canada are handling employee turnover, time off requests, making sure that deductions and payments are made in line with the law, and running benefit plans.
If you don't want to pay for an in-house payroll manager, you can outsource payroll services to take care of all the routine tasks involved in running payroll for your team.
Payment processing can help your small or big business save time, money, and stress. You can be sure that the payment for your business is being done correctly and on time. This is all part of Numetrica's remote payroll services handling. We take care of all the details of payroll and payments. It's never been easier to do payroll. Now let's begin.
Online Payroll Services for Small Business
Payroll needs to be correct and reliable for small and new businesses, but owners often don't have the time or money to handle it. Company accounting services have to do more than just pay workers. They also have to:
- Tax forms for the end of the year;
- Government deductions and remittances;
- Deductions for benefits;
- Management of vacation and personal time off;
- Contributions to retirement plans;
- Employee perks.
This is where companies that do paychecks for other people come in.
With full online payroll services for small companies, you can do what you love, which is growing your business. Our job is to make sure that your employees are paid correctly and on time, without you having to worry about it.
Companies that use our managed payroll system can see the whole lifecycle of an employee; from the time they are hired to the time they leave. Payroll experts with a lot of experience make the change easy and work closely with you to give you reliable advice.
We help businesses all over Canada with their payroll and financial needs. Get a price for our small business payroll services right now by getting in touch with us.
What does it cost to use payroll services?
Payroll services vary in price based on several factors, such as the number of workers, the number of pay periods per year, and the level of service needed. Getting payroll services for a small business is usually much cheaper than getting a manager to do the work in-house.
Our outsourced accounting services are flexible, so your small business or company will get all the help it needs.
Calculator for Payroll Services
You can use Numetrica's Payroll Services Calculator to get a good idea of how much payroll service fees will cost for your small or new business. This tool gives you a rough idea of how much our professional payroll services will cost for your business.
Why online payroll services are helpful
Online and remote accounting services could be good for your business. If you run a small or medium-sized business and want to make payments and tax filing easier, these tips can really help.
To keep your financial services center up to date, you don't need a ledger or to call them once a week. It is easy for small businesses and SMEs to use Numetrica's online accounting services. You can post time sheets at any time, day or night, and the data is always being updated. For a smooth end to the year and for audits, we keep a full record of all payments and records.
Use Numetrica's professional payroll services to get all of their perks.
- Pay your employees promptly and accurately at the intervals you specify, and do so in a timely manner;
- Simplify the end of the year by providing all employees with their T4s and T4As;
- Reduce the likelihood of missing deadlines or paperwork when dealing with the CRA;
- You should receive regular information so that you are aware of the effects of things like awarding raises, recruiting new employees, and possibilities to expand;
- Complete management of employee absences inside a system that is simple to use for both employers and employees;
- Maintain current information and control employee access;
- Obtain the assistance of knowledgeable payroll professionals who will answer your inquiries and provide ideas for the management of employees and payroll.
- Compliance with payroll and tax laws
- Numetrica is the go-to authority on Canadian regulatory compliance. Our Chartered Professional Accountants (CPAs) provide payroll services that are professional and consistent with Canadian legislation.
Payroll, human resources, and tax laws need a lot of knowledge and close attention to detail. We know a lot about the Canadian Employment Standards and can help you figure out which rules apply to your employees.
Tax compliance is very important for all businesses, whether they are new, small, or big. Let us take care of compliance while you run your business.
Outsourced Payroll Services We Offer
When you hire Numetrica as your payroll service, they do more than just do your salary. We have many tax and payment services that can be scaled up or down to fit your needs. These services will help your business run smoothly and help you make decisions that will help it and your employees grow.
For all employees, accurate and on-time payroll is handled.
Observe benefit deductions in accordance with your benefit plan..
Follow the gain Keep track of any expenses or deductions related to the benefits your organization provides to employees.
Payroll payments can be easily made remotely at any moment and tracked.
Easily keep track of all employee absences, including vacation, personal days, and both short- and long-term leaves.
Keep meticulous records of retirement contributions and align them with your company's specific scheme.
Obtain annual T4s and any other necessary tax forms for each employee in your company.
Maintain an accurate record of employee expenditures and be prompt in making reimbursements.
Do background checks on new hires, including criminal, social, and job history.
There are HR professionals accessible to assist you in expanding your team.
Employee Self Service
Control who has access to what so employees may see their pay stubs, tax forms, and employment information when they need to.
In need of some further guidance or suggestions? The payroll specialists here can be of assistance.
Your payroll software and papers may be accessed without difficulty from any location at any time, and virtual experts are always available to assist you.
We serve as the main point of contact with the CRA or any other regulating organizations that may be necessary.
Changes and updates
Maintain compliance with all of the regulations, and in the event that any of the legislation is amended, you will receive automated updates. This will ensure that you do not overlook anything.
Are you a start-up or a small to medium-sized business that is looking to provide more to your employees than just a salary? We are able to assist you in locating the benefits as well as additional perks that your employees are looking for.
Payroll Services for International Businesses
Is it a goal of your company to grow into the Canadian market? It can be challenging to navigate the payroll requirements, deductions, and end-of-year procedures for your employees who are working in another nation. Failure to meet deadlines or making errors in paperwork can result in dissatisfied employees, chaos in the workplace, and possible financial penalties from the government. Your risk will be reduced by using our payroll services that are outsourced internationally.
We have the experience necessary to assist global clients in a variety of industries in working within the confines of Canadian regulation, providing benefits that employees in Canada have come to expect, and collecting the proper employee data.
Because our comprehensive payroll services are scalable and totally configurable, your business will have the ability to manage payroll in a manner that is optimal for it. Together with your input, our team of Certified Public Accountants (CPAs) will ensure that the professional payroll services we provide are seamless and comprehensive throughout the whole year.
The following are examples of our worldwide tax and payroll services:
- software for management and personnel that can be accessed online and is fully customizable;
- the generation of pay stubs; the generation of tax slips (T4 and T4A); the elimination of tax deductions and other payments;
- Depending on the circumstances, modifying the pay and leave policies;
- managing programs for providing benefits to employees;
- paying taxes and maintaining conformity with tax law;
- Contributing to the conduct of reviews or audits;
- coordinating communications with the Canada Revenue Agency (CRA) where required.
- Companies located all over the world put their faith in the quality of our remote international payroll services. Use the Payroll Calculator here to get an estimate of your costs today.
Numetrica, the Payroll Services Professionals for You
Spend less time processing payroll and more time engaging in the activities that bring you joy.
Our outsourced payroll services are the solution to your problems with tax and legislation compliance, following to Canadian Employment Standards, and providing employees with payroll services that are accurate and consistent.
Our bookkeeping, tax, and accounting services, in addition to our payroll services, interact well with one another. We are prepared to take your company to the next level with a specialized answer that is tailored to the size of your operation.
Gain command of your company's payroll! Get in touch with Numetrica right away for payroll solutions that are more straightforward.
People also ask
How does Canadian payroll work?
Payroll in Canada consist of employers pay their employees compensation in a form of salary for their work.
The employers register for a payroll account with the CRA. This business number is the same as their corporate tax and HST account.
CRA differentiate these accounts by adding RP for Payroll
RT for HST
RC for corporate taxes.
The employers will deduct CPP and EI from their salaries and then remit these to CRA.
As an employer, businesses must withhold payroll remittances (CPP, EI and income tax) from their employees' pay.
What are payroll examples?
While payroll examples can vary based on specific circumstances, here is a general example of a payroll process- data collection, timekeeping and attendance, gross pay calculation, deductions and withholdings, net pay calculation, payroll disbursement and reporting.
What are payroll taxes Canada?
Together — income tax, federal taxes and provincial taxes — are all grouped under the bucket category of payroll taxes (employer taxes and/or source deductions). If you want to speak Canada Revenue Agency (CRA), the phrase is employer deductions and remittances.
How much tax is deducted from a paycheck Canada?
The tax rate that applies (2023)
$1 to $53,359
15 per cent
$53,359 to $106,717
20.5 per cent
$106,717 to $165,430
26 per cent
$165,430 to $235,675
29 per cent
Can I do payroll myself?
The do-it-yourself approach can save you money if you do not have the funds to hire a payroll service. You can do payroll for your small business yourself if you have the right knowledge, time, and a sturdy calculator. While this is not the recommended option, it still is an option.
How do you calculate payroll?
Your manual payroll calculations are based on the pay frequency and their hourly wage. So, for someone who is full time making $11 an hour on a biweekly pay schedule, the calculation would look like this: 40 hours x 2 weeks = 80 hours x $11/hour = $880 (gross regular pay).
What is the most common payroll?
Typically, employees receive two paychecks each month. However, there are two months in the year when employees receive three paychecks instead of two (so plan your budget accordingly!). According to the BLS, 43% of employees receive their wages biweekly, making it the most popular pay frequency.
How do I pay my CRA payroll tax?
You must use an original paper remittance voucher to make a payment at a Canadian financial institution. Each voucher has a micro encoding feature required to process the payment. For this reason, photocopies and faxes are not accepted. You must remit by the due date even if you do not have a remittance voucher.
How much EI and CPP is deducted?
As of 2022, the employer and the employee are each expected to contribute 5.7% of the employee's gross wages up to a maximum of $64,900 reduced by the basic exemption of $3,500.
How many hours is full time?
Your full-time work hours are generally 38 hours a week, although an employer may ask you to do more. As a full-time employee, you only have to work the hours as set out in the employment agreement. You should consider the average weekly working hours over the long term.
What does EI mean in payroll?
About the deduction of Employment Insurance (EI) premiums.Nov 15, 2022
What is CPP on my paystub?
CPP (Canada Pension Plan)/QPP (Quebec Pension Plan) contributions are made up of both employer and employee contributions to the CPP, Canada's retirement-related pension and benefits program (the QPP is Quebec's version of the CPP).
It pays employees through direct deposit
It pays WSIB
It calculates bonuses
It prepares T4 and submits to CRA
It prepares and remits Record of Employment (ROE)
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.